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20131028
20131105
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of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to participate. >> the decision to walk away from the sinking home by people who can afford to pay is spreading like a virus, because as one person on the street does it, the next-door neighbor says, "what am i doing? why am i putting all this money into this almost worthless house?" >> the concern has to be-- for someone who's gonna take that move--is that they have to be so deeply in negative equity that they're willing to damage their credit, damage their financial reputation going forward. if you get foreclosed on in your home--you walk away from your mortgage when you could have afforded it, particularly-- that's gonna follow that family for years
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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